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19. That If tLb m~ap b iu oeoneetJoa with mukipk ow~:~rtaion loaa finauci ebe Mortsa~ee a`rea it will ielsw frvra t~s
aa
tien of c6is mort~e aay oae or more of ebe bb dprn'bed herein npon parneat br tbc of wcb sum or •ww whics m~7 6a~e
been advaneed by Mo ee on such bt or laa; p~oridsd, borve~er, tbu t6e Mort~a~or bas tull~ oomplied with tbe t~erms and oon-
dida» of tbe Gonstructiir~ A;~resrnent ~ssa chc Mort~oc apd the M aa e~,etut~d oap~ of whtch ir to t~s poMa~iaa of thr
Mort~s~re aad 'u Iacorpo~ated Leraa by iefsr:ace aad mide r pan herauf; an~h br Mort~a~o~ under ~aid ajreeawnt s6a11 be aaa-
udtred an e'rent ~f default uoder thi~ morts~e.
20. 'I3at tbe will oa cbe requat of t6e Mort~a~ee furniah a writtea ~tatement of tbe aawunt owin* oo tbe obU~a w6ich
this mort~a~e wecusa s~ad~n aate rr6ecLer oe nat 1Vlort~a~or ciaims aay defeu~a w offsee~ t6ereta.
21. Tbat Mort~a~or ~r?ill oot permit an~ aLsr liaa ~o be fkd rpiwt t6s ~Id pr~mtsa and if aa~ ~uch iieas are filod, wbether
psrtim~unt or subordlwte to tLL mor~ Mort~a~or wiU ht~e or uuse ca be 6ad ~aid lien~ dise6a~rd immediately.
22. Mort~a~ee shaU 6a~a tbe ris6t eo e6ar~e Moet~a~or'~ ~coount wit5 Mort~a~ee for t6e interat +~nd pripapa! pa~able a~ prw
vided in tLe pro~aisar~ note as ~uc6 beooaaai due tn ~ooordaace tLerewich.
23. If tEe Mort~a~ee requests, Mort~agor hereby coveaanb and agrea t6at Mortaagor will furais6 the Mo~a~ee annually fcam
tLe dste of thir mort~s~e instrumtat, unlas wmt adset due is aQrted to betwetn the partia in writia~, a certifitd audited finanai~l state-
ment of cbe Mortaa~or sod aaaual oomplete operatiag Katemtnq of Mort~s~or. If the Mortga~o~s ~xsl or esleadar ~ear ~bsll not coiac'sde
wit6 the date 6ercin tpecified, then tbe date w6icb tbe Mort~a~ee shall specity shal! be contmllin~. Mortgagor ~hall wpplr Mort~a`ce with
~ueL ot6er fieancial stattmtna as Mort~a~es anay from time to time requat.
24. Other provisiaos:
This mortgage is subject to the terms, provisions and condi~ions of that
certain Construction Loan Agreement, dated May 21, 19blt, entered into between the
mortgagor and the mortgagee herein and said Construction Loan Agreement is by ref--
erence :incorpoxated herein and made a part hereaf. Said Construction Loan Agreement
is available for inspection by all parties in interest at the office of the Mortgagee
herein.
:
IN WITNESS WHE1tE0~', t6e MortgaQor haa e:eruted theae presena under ~eal tLe day and ~e~4i'r~ ~bcrve, Nr~~
_ ~
Si~aed, ~aled and delivvcd ia the p e of: ~,~,~L ,~II~j ,'~~Oj~O$~T`~0~
--~~1 ~r-s~.,e--c~~_ lr•~.`.,__ - - - : 4CpRP0^ T`E SEAI.)
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'~_~.~~'j L- Mortga~ (lf£~ , ~
FIL ~ND RECORDE~ ' , ~
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ST. LUCiE COUN7Y, = . ~ -
FLORIDA = ~
- - _ ~
'
FLOR~DA ~
STATE OF ) '"J ,:,;t~,,~ •
Covx~`Y oF DATlE j " . .
I HEREBY CEI2TIFY that oo this da.Y pcrsvaaUy appeared before rae, aa o~ccr duly aut6orised ta sdminister oaahs and take
ac{cnno~v~edganenb, 'rJ. C. Bevan, Jr . ~~_Y~i
~ ort~~e Officer ~ of t'~anaral j~avAlnnmant
Corporation Delawaro
, a aorporatioa, a me rrtll fmown to he tbe per~oas darn`bed in aad w6o ezdentod tbs
foregoiag mortgage and thrr duly acknorvled~ed before me tbat aeting nnde~ due corpor~te authonry thrq e:ecuted the wne aad im-
preased the wrporate ~ta) ivr t6e purpore~ therein eaprewed a tbt act and deed of atid carporation. ~
~~Iiami
IN WIT'PIES3 WH~REOF, I ha~e 6ercnnte set mr hand and af~xed my af~iaal seal at '
.~id Counry and Scae, cW ~ th d,r ~ Jul.y is ~L_. .
~ L. ` t - - -l' ~'d~~i----r-~~
NOTARY PUBLIC. ~ATE of FLORtDA at LARGE Noiary Pubfic - =
My Commisaioo espi ~--~Y 9. ; 959 j~
~ BONOGO TF~40ti6M fRE~ W. OIE57ELHOR9C ~ ~
STATE OF ~
COUNTY OF ~
I HER?BY CERTIF'Y, that on t~~ day penaiall~ ~ppcared bcfore nac, an officer dutT autlw~sed W sdminimr oatLs aad take so-
kaowled~rmenn, _ and !s s~e
known ro be the pereon dacribed iu and wbo eucut~ed the foregoing instrumtnt and ulmov?ledged before me tliat
exceuted the aa~me.
IN V~ITNESS WHEREpF, Y 1ta~t hertunto ut my 6aad aad af~a+rd my official retl at
wid Coanry snd 3tttq thii _ day of - 19..,.
- -
Notar~ Public ~
~y CommiMioa expirn:_ _ -
B00!t c?~